India’s benchmark stock index closed to its highest level since July 2011 amid optimism about recent reform measures, Bloomberg’s Rajhkumar Shaaw reports. Money managers are not completely sold on the reform but still finding opportunities in India, as I reported in this week’s Barron’s column.

Frontier market investors may soon be hunting in Angola, maybe. Bloomberg’s Colin McClelland writes that an oil law in Angola that goes into effect today may boost banks’ liquidity and strengthen the currency.

About Emerging Markets Daily

Emerging markets have been synonymous with growth, but the outlook for individual nations is constantly changing. Countries from Brazil and Russia to Turkey face challenges including infrastructure bottlenecks, credit issues and political shifts. The Barrons.com Emerging Markets Daily blog analyzes news, data and research out of emerging markets beyond Asia to help readers navigate the investment landscape.

Barron’s veteran Dimitra DeFotis has been blogging about emerging market investing since traveling to India and Turkey. Based in New York, she previously wrote for Barron’s about U.S. equity investing, including cover stories and roundtables on energy themes. Dimitra was among the first digital journalists at the Chicago Tribune and started her career as a police reporter at the Daily Herald in the Chicago suburbs. Dimitra holds degrees from the University of Illinois and Columbia University, where she was a Knight-Bagehot Fellow in the business and journalism schools.